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Economic Growth

Date: Dec. 6, 2005
Location: Washington, DC
Issues: Business and Consumers Taxes


ECONOMIC GROWTH -- (House of Representatives - December 06, 2005)

(Ms. FOXX asked and was given permission to address the House for 1 minute.)

Ms. FOXX. Mr. Speaker, yesterday I had the honor and privilege to host President George W. Bush in North Carolina's Fifth Congressional District. The President spoke about our country's impressive economic growth at the John Deere-Hitachi manufacturing plant in Kernersville.

We all have a lot to be grateful to our President for. Under his leadership, our economy is flourishing and getting stronger. In a report issued last week by the Bureau of Labor Statistics, our economy created 250,000 new jobs during the month of November. Over 4.4 million jobs have been created since May 2003.

Unemployment is down to 5 percent, which is lower than the average of the 1970s, 1980s, and 1990s. This is due to the hard work of the American people, lower taxes, legal reform, and less government interference into the lives of entrepreneurs and small business owners.

I am proud of President Bush's leadership and agenda for a strong economy. I will continue to work with him and the rest of my colleagues in the Congress to make tax relief permanent and exercise spending restraint.

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